Pools

Single Deposit Pool Reward

The WIZZ token will serve as evidence of the liquidity stake held by single deposit pool liquidity providers that deposit the matching tokens into each pool. The WIZZ token will be returned once a user withdraws the deposited asset, and they will then receive a new token with any accrued interest at the current WIZZ token exchange rate. Owners of WIZZ tokens get benefits from OzProtocol in addition to deposit interest.

OzProtocol reward:Inflation under the OzProtocol will be rewarded for liquidity providers during the time when they deposit liquidity.

Deposit interest reward:The assets from the single pool that were deposited are used as the leverage resources for the plus deposit pool. And the depositors of the single pool will receive the expenditures paid by the plus pool customers. The allocated revenue will be automatically added to the assets that consumers have deposited.

OzProtocol Reward APR

• Reward per year

Blocks per year*Reward amount =10512000*0.02

where Reward per block value =0.02

• Reward USD value

USD value *Reward amount per year=63.96*210240=13446950.4$

• Total Pool stake USD value

USD value*Total stake amount= 500*1.5=750$

• APR (Annual Percentage Rate)

Reward amount per year USD value*Total stake amount USD value*100=13446950.4$/750$=1792926.72%.APR

Definition: APR

APR is the total cost of borrowing money each year, including fees. Since it accounts for both interest rates and any costs you must pay to obtain the loan, the annual percentage rate (APR) is a more comprehensive indicator of how much borrowing will cost you.

How does the Annual Percentage Rate works ?

An interest rate is expressed as an APR (Annual percentage rate). It accounts for factors like monthly payments and fees to determine what proportion of the principal you'll pay annually. APR is another term for the yearly rate of interest paid on investments that does not consider the annual compounding of interest.

How do you calculate APR ?

APR is derived by dividing the periodic interest rate by the total number of periods in the year. How frequently is the rate really applied to the amount is not used ?.

APR=(((fees+interest)/principal/n)*365)*100

Where,

Interest=total interest paid over life of the loan

Principal=Loan amount

n=number of days in loan term

Types of APR

There are various APR types that can be used with loans and credit cards. You can encounter a few different prices, depending on your lender. Here is how each APR type functions:

Purchase APR : When you use a credit card to make a purchase, the rate will be applied.

Balance transfer APR: This is the APR you on the part of your balance that you transfer from one credit card to another;it is often the same as the buying APR.

Promotional or introductory APR: To entice you to open an account , several credit cards provide introductory rates that are low or even 0% APR on purchase or balance transfers.

Cash advance APR: This APR will be applied to the sum you withdraw when you use your credit card to make an ATM withdrawal. There is no grace period and the APR for a cash advance is often greater than the APR for a purchase.

Penalty APR: Many credit card agreements specify that if you fall ahead on payments by 60 days or more , the company will apply a higher penalty APR.

Fixed APR:This APR does not change during the loan. It frequently happens with installment loans but rarely with credit cards.

Variable APR: This APR changes according to market interest rates , so it can rise over time. It is the most typical APR for credit cards and a choice on a lot of installment loans.

What influences your APR ?

There are many variables that affect your APR, some of which you can manage and others of which you cant :

Credit history:

If your credit history indicates that you might be at higher risk of default ,lenders may impose a higher APR.

Income: Lenders evaluate your debit to income ratio (DTI), or the proportion of your gross monthly income that is utilized for debt payments, to assess your capacity to take on further debt. A high DTI could lead to an increased APR or the rejection of your application.

Fees and other charges: The APR may grow if a lender adds costs to your interest rate; if they do, the APR may also rise.

Prime rate: Lenders utilize the prime rate as a benchmark to set their interest rates, and the fedral funds rate of the Fedral reserve has a direct impact on it. However , if the APR is variable then the prime rate wont affect your open accounts. It can affect the rate you recieve when applying new loans.

Loan type:

Different loans have inherently different APRs. for example, APRs on mortgage loans and vehicle loans are often lower because the risk to the lender is reduced because you are using the house or automobile you are purchasing as collateral to secure the transaction. In comparison, the APrs for personal loans , credit cards, and other unsecured loans are frequently higher.

Note:

• Block=3sec

• 1hour = 3600 sec

• 3600/3sec=1200

• 1 hour = 1200block

• 1200block*24hour=28800(1day)

• 28800block x30days=864000(1month)

• 28800block x 365= 10512000(12month)